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Company Registration No. 4776184 (England and Wales)
Dave's Commercials Ltd Unaudited accounts for the year ended 31 May 2023
Dave's Commercials Ltd Unaudited accounts Contents
Page
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Dave's Commercials Ltd Company Information for the year ended 31 May 2023
Directors
D J Steer C Humphreys
Secretary
C L Steer
Company Number
4776184 (England and Wales)
Registered Office
1 The Glen Worthing West Sussex BN13 2AD England
Accountants
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD
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Dave's Commercials Ltd Accountants' report
Accountants' report to the board of directors of Dave's Commercials Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dave's Commercials Ltd for the year ended 31 May 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Dave's Commercials Ltd, as a body, in accordance with the terms of our engagement letter dated 23 May 2003. Our work has been undertaken solely to prepare for your approval the accounts of Dave's Commercials Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dave's Commercials Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dave's Commercials Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dave's Commercials Ltd. You consider that Dave's Commercials Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dave's Commercials Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD 31 July 2023
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Dave's Commercials Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,249 
15,380 
Current assets
Inventories
5,160 
5,740 
Debtors
58,461 
54,473 
Cash at bank and in hand
10,195 
29,295 
73,816 
89,508 
Creditors: amounts falling due within one year
(60,644)
(65,706)
Net current assets
13,172 
23,802 
Total assets less current liabilities
27,421 
39,182 
Creditors: amounts falling due after more than one year
(21,666)
(32,387)
Net assets
5,755 
6,795 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,655 
6,695 
Shareholders' funds
5,755 
6,795 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2023 and were signed on its behalf by
D J Steer Director Company Registration No. 4776184
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Dave's Commercials Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Dave's Commercials Ltd is a private company, limited by shares, registered in England and Wales, registration number 4776184. The registered office is 1 The Glen, Worthing, West Sussex, BN13 2AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over ten years
Motor vehicles
25% reducing
Computer equipment
over ten years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
54,178 
14,850 
3,529 
72,557 
Additions
- 
2,450 
- 
2,450 
At 31 May 2023
54,178 
17,300 
3,529 
75,007 
Depreciation
At 1 June 2022
47,556 
6,921 
2,700 
57,177 
Charge for the year
802 
2,596 
183 
3,581 
At 31 May 2023
48,358 
9,517 
2,883 
60,758 
Net book value
At 31 May 2023
5,820 
7,783 
646 
14,249 
At 31 May 2022
6,622 
7,929 
829 
15,380 
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Dave's Commercials Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,594 
49,151 
Accrued income and prepayments
5,401 
5,322 
Other debtors
19,466 
- 
58,461 
54,473 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,497 
9,280 
Trade creditors
14,676 
19,856 
Taxes and social security
17,802 
24,512 
Other creditors
11,669 
10,169 
Loans from directors
- 
1,889 
60,644 
65,706 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,666 
32,387 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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